GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Forestar Group Inc (NYSE:FOR) » Definitions » Cyclically Adjusted Revenue per Share

Forestar Group (Forestar Group) Cyclically Adjusted Revenue per Share : $16.44 (As of Mar. 2024)


View and export this data going back to 1973. Start your Free Trial

What is Forestar Group Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Forestar Group's adjusted revenue per share for the three months ended in Mar. 2024 was $6.597. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $16.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Forestar Group's average Cyclically Adjusted Revenue Growth Rate was 15.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 29.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 27.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Forestar Group was 33.50% per year. The lowest was 2.10% per year. And the median was 25.30% per year.

As of today (2024-05-15), Forestar Group's current stock price is $33.64. Forestar Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $16.44. Forestar Group's Cyclically Adjusted PS Ratio of today is 2.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Forestar Group was 5.05. The lowest was 0.77. And the median was 2.42.


Forestar Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Forestar Group's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forestar Group Cyclically Adjusted Revenue per Share Chart

Forestar Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.68 7.34 10.14 13.52 15.81

Forestar Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.19 14.86 15.81 16.03 16.44

Competitive Comparison of Forestar Group's Cyclically Adjusted Revenue per Share

For the Real Estate - Development subindustry, Forestar Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forestar Group's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Forestar Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Forestar Group's Cyclically Adjusted PS Ratio falls into.



Forestar Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Forestar Group's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.597/129.4194*129.4194
=6.597

Current CPI (Mar. 2024) = 129.4194.

Forestar Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.900 100.560 2.445
201409 1.341 100.428 1.728
201412 0.271 99.070 0.354
201503 1.399 99.621 1.817
201506 1.031 100.684 1.325
201509 0.938 100.392 1.209
201512 3.071 99.792 3.983
201603 0.889 100.470 1.145
201606 1.131 101.688 1.439
201609 1.117 101.861 1.419
201612 1.524 101.863 1.936
201703 0.526 102.862 0.662
201706 0.663 103.349 0.830
201709 0.777 104.136 0.966
201712 0.736 104.011 0.916
201803 0.539 105.290 0.663
201806 0.562 106.317 0.684
201809 0.765 106.507 0.930
201812 0.917 105.998 1.120
201903 1.555 107.251 1.876
201906 2.100 108.070 2.515
201909 5.626 108.329 6.721
201912 5.139 108.420 6.134
202003 3.308 108.902 3.931
202006 3.699 108.767 4.401
202009 7.217 109.815 8.505
202012 6.371 109.897 7.503
202103 5.920 111.754 6.856
202106 6.321 114.631 7.136
202109 8.407 115.734 9.401
202112 8.201 117.630 9.023
202203 8.449 121.301 9.014
202206 6.182 125.017 6.400
202209 7.628 125.227 7.883
202212 4.343 125.222 4.489
202303 6.030 127.348 6.128
202306 7.349 128.729 7.388
202309 10.888 129.860 10.851
202312 6.057 129.419 6.057
202403 6.597 129.419 6.597

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Forestar Group  (NYSE:FOR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Forestar Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=33.64/16.44
=2.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Forestar Group was 5.05. The lowest was 0.77. And the median was 2.42.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Forestar Group Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Forestar Group's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Forestar Group (Forestar Group) Business Description

Industry
Traded in Other Exchanges
Address
2221 E. Lamar Boulevard, Suite 790, Arlington, TX, USA, 76006
Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
Executives
Daniel C Bartok officer: CEO 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Ringler G.f. (rick) Iii director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Elizabeth Parmer director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Mark Stephen Walker officer: Chief Operating Officer 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
James Douglas Allen officer: Chief Financial Officer 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Lisa H. Jamieson director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Samuel R Fuller director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Donald C Spitzer director 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Bill W Wheat officer: Principal Financial Officer 1361 HORTON CIRCLE, ARLINGTON TX 76011
Aron M. Odom officer: Principal Accounting Officer 1341 HORTON CIRCLE, ARLINGTON TX 76011
Charles D Jehl officer: Chief Financial Officer C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
M Ashton Hudson director 9995 GATE PARKWAY, SUITE 330, JACKSONVILLE FL 32246
Donald J Tomnitz director, officer: Chairman 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Richard D. Squires director 3889 MAPLE AVENUE, SUITE 1525, DALLAS TX 75219
Michael J. Quinley officer: President 6300 BEE CAVE ROAD, BLDG 2, SUITE 500, AUSTIN TX 78746

Forestar Group (Forestar Group) Headlines